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2022
Exports $31.7MWorld Rnk 41 / 136
Flag Rnk 739 / 1214
2022
Destination $5.72M Israel
2021 - 2022
FASTEST GROWING MARKET $5.72MIsrael
2022
PRODUCT COMPLEXITY IN Diamonds-1.32Rnk 916 / 1025
2022
Imports $85.3MWorld Rnk 34 / 159
Flag Rnk 560 / 1214
2022
Origin $9.69M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $9.69MBelgium
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $31.7M in Diamonds, making it the 41st largest exporter of Diamonds in the world. At the same year, Diamonds was the 739th most exported product in Spain. The main destination of Diamonds exports from Spain are: Israel ($9.27M), Hong Kong ($6.44M), India ($4.39M), Switzerland ($3.83M), and United States ($2.37M).

The fastest growing export markets for Diamonds of Spain between 2021 and 2022 were Israel ($5.72M), Switzerland ($3.72M), and Hong Kong ($2.01M).

Imports In 2022, Spain imported $85.3M in Diamonds, becoming the 34th largest importer of Diamonds in the world. At the same year, Diamonds was the 560th most imported product in Spain. Spain imports Diamonds primarily from: Belgium ($44.4M), Israel ($11.9M), India ($9.17M), France ($7.59M), and Vietnam ($3.57M).

The fastest growing import markets in Diamonds for Spain between 2021 and 2022 were Belgium ($9.69M), Israel ($4.48M), and France ($2.83M).

Latest Trends

October 2024

About

Overview In October 2024 Spain's Diamonds exports accounted up to €1.74M and imports accounted up to €3.35M, resulting in a negative trade balance of €1.6M. Between October 2023 and October 2024 the exports of Spain's   Diamonds have decreased by €-1.31M (-42.9%) from €3.06M to €1.74M, while imports decreased by €-2.43M (-42%) from €5.77M to €3.35M.

Destinations In October 2024, Diamonds were exported mostly to Hong Kong (€565k), Israel (€539k), Thailand (€279k), India (€211k), and Netherlands (€76.2k), and were imported mostly from Belgium (€1.73M), India (€630k), South Africa (€374k), Israel (€325k), and Netherlands (€156k).

Growth In October 2024, the decrease in Diamonds's year-by-year exports was explained primarily by a decrease in exports to India (€-103k or -87.7%), Thailand (€-33.3k or -26%), and Belgium (€-23.7k or -51.2%). In October 2024, the decrease in Diamonds's year-by-year imports was explained primarily by a decrease in imports from Belgium (€-959k or -29.3%), United States (€-953k or -98.7%), and India (€-91.4k or -26.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-1.31M(-42.9%)
IMPORT GROWTH (October 2023 - October 2024)€-2.43M(-42%)
MAIN EXPORTER (October 2024)Vizcaya€844k
MAIN DESTINATION (October 2024)Hong Kong€565k

This section shows Diamonds's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Diamonds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$31.7M
IMPORTS (2022)$85.3M
NET TRADE (2022)-$53.6M

In 2022, Spain exported $31.7M in Diamonds. The main destinations of Spain exports on Diamonds were Israel ($9.27M), Hong Kong ($6.44M), India ($4.39M), Switzerland ($3.83M), and United States ($2.37M).

In 2022, Spain imported $85.3M in Diamonds, mainly from Belgium ($44.4M), Israel ($11.9M), India ($9.17M), France ($7.59M), and Vietnam ($3.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Diamonds EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Israel$5.72M (161%)
Switzerland$3.72M (3.38k%)
Hong Kong$2.01M (45.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Diamonds BY Spain WERE (2021 - 2022):
Italy-$2.19M (-94.3%)
India-$776k (-15%)
France-$661k (-67.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Diamonds were:
India $25.9B
United Arab Emirates $15.5B
Belgium $14.7B
In 2022, Spain's main importing competitors in Diamonds were:
India $26.1B
United States $20.3B
United Arab Emirates $17.5B

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Trade Value of Diamonds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.89M
TOP IMPORT POTENTIALIndia+ $13.8M

Diamonds’s highest export potential is India. With an export gap of $6.89M.   Diamonds’s highest import potential is India with an import gap of $13.8M.

See methodology.

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